Top Jobs after MBA in Canada: A Complete Guide To Job Opportunities After MBA in Canada for International Students Image
Study Destination

Top Jobs after MBA in Canada: A Complete Guide To Job Opportunities After MBA in Canada for International Students

Author_Image
Yocket Editorial Team
21 mins read
1.2k views

MBA is one of the most sought-after courses worldwide including in Canada. The reason why international students are inclined towards an MBA is the job opportunities after MBA in Canada which is a ladder for you to rise to the executive level positions. The Canadian job market is dominated by SMEs that account for more than 60% of the total employment in Canada and create a demand for more than 150,000 professionals every year. 

Toronto, Vancouver and Montreal are the major hotspots within Canada for jobs after MBA in Canada. In this blog we will analyze the stay back options, popular MBA specializations, major recruiters, MBA starting salary in Canada, effective job search techniques, ROI after MBA and more for international students.

Table of Contents:

  1. Stay Back Options After Completing MBA in Canada
  2. Job Opportunities After MBA in Canada from Top Business Schools
  3. Popular Specializations and Jobs in Canada after MBA
  4. ROI After MBA in Canada
  5. Frequently Asked Questions About Jobs After MBA in Canada

 

Stay Back Options After Completing MBA in Canada

Before we delve deep into the job opportunities after MBA in Canada, let us briefly discuss the stay back options for international students. Since you will already have a valid Canadian student visa while pursuing your MBA in Canada, the next step will be to apply for a post graduation work permit (PGWP). 

The PGWP allows students who have graduated from designated learning institutions (DLI) to stay and work in Canada temporarily with a maximum stay back period of 3 years. Students can leverage this time to  look for suitable jobs that match their skill sets and their career aspirations.  This will also help them  gain valuable work experience in Canada that can be used to further seek employment inside the country or any other country outside Canada.

SUGGESTED: All you need to know about Post-graduation work permit in Canada for international students

Note: 

The duration of PGWP in Canada depends on the duration of your program. If you have completed a 2 year MBA program, you will be allowed to stay in Canada for 3 years. If the duration of your MBA program was 1 year, your work permit will also be valid for 1 year.

 

Job Opportunities After MBA in Canada from Top Business Schools

Students prefer to get into top business schools for pursuing MBA in Canada because there is a higher possibility of finding jobs with assistance from the university. Coveted institutions in Canada boast of high employability rates with graduates employed at some of the top recruiters with promising career prospects. The average salary after MBA in Canada is 110,000 CAD/ year. Infact, the Executive MBA program is the best paying degree in Canada with an average annual salary of 155,000 CAD.

When we talk about top recruiters for MBA graduates in Canada, the following companies are surely on the list:

  • Microsoft
  • EY
  • InBC Investment Corp
  • General Mills
  • Google
  • IBM
  • Morgan Stanley
  • Amazon
  • RBC Bank
  • Siemens
  • Canadian Imperial Bank of Commerce
  • Deloitte

The average salary of MBA graduate in Canada from top universities is a point of discussion. Take a look at the table below to know more about the salary in Canada after MBA from top universities according to the QS Global MBA Rankings 2022:

Business School

QS MBA Ranking 2022

Average Salary Packages Per Year

University of Toronto

42

134,000 CAD

Queen’s University

64

122,000 CAD

Western University

72

135,000 CAD

McGill University

74

149,000 CAD

York University

81

178,000 CAD

University of British Columbia

84

110,000 CAD

University of Alberta 

111-120

97,000 CAD

Concordia University

131-140

113,000 CAD

Dalhousie University

151-200

100,000 CAD

HEC Montreal

151-200

90,000 CAD

SUGGESTED: Find out more about the best MBA Colleges in Canada

The MBA universities in Canada offer a variety of specializations wherein some are more popular among students because of their job and salary prospects. Let us take a look at the job prospects for the popular ones:

 

MBA in Finance

Featuring the largest finance sector, Canada continues to attract finance graduates. There are mainly 3 subdivisions within the MBA in Finance specialization i.e. banking, investments and corporate finance. With this specialization you will be prepared for a career in several fields such as corporate finance, corporate treasury, investment banking, asset management, risk management, etc.

Job Title

Top Employers

Average Salary/ year

Financial Analyst

EY, KPMG

160,000 CAD

Corporate Treasurer

LXT, IMAX

154,000 CAD

Financial Manager

CWC, Reliance Kitchen

241,000 CAD

Chief Financial Officer

QAcademy

243,000 CAD

General Manager

Canada Immigration and Visa Services

220,000 CAD

 

MBA in Marketing

MBA in Marketing is related to an analysis of customers and markets and adding value to products and services through marketing strategies. Your job will be related to advertising, market research, project management, marketing, consulting, brand and product marketing, etc.

Job Title

Top Employers

Average Salary/ year

Marketing Manager

Microsoft, HOYA Vision Care

209,000 CAD

Marketing Executive

Nestle, Johnson & Johnson

163,000 CAD

Marketing Analyst

TELUS

126,000 CAD

Chief Marketing Officer

FilSwan

223,000 CAD

Market Development Manager

Trelleborg Sealing Solutions

167,000 CAD

 

MBA in Human Resources

By earning an MBA in Human Resources, you will be a key person in the organization with responsibility to recruit, train and manage human resources. There is a significant demand for HR professionals in Canada which makes it a popular specialization for pursuing MBA.

Job Title

Top Employers

Average Salary/ year

Human Resources Manager

Scotiabank

178,000 CAD

Human Resources Officer

Employment and Social Development Canada

74,900 CAD

Chief People Officer

Secunda Canada, Toronto Transit Commission

196,000 CAD

Human Resources Training Executive

Surrey Urban Mission Society, City of Toronto, Government of Saskatchewan

132,000 CAD

Recruiting Manager

McKinsey & Co., Amazon Advertising Canada

175,000 CAD

 

MBA in Operations and Supply Chain Management

MBA in Operations and Supply Chain Management will equip you with concepts in business analytics, production and operations management, micro and macro economics, process improvement, quality assurance and more.

Job Title

Top Employers

Average Salary/ year

Operations Manager

Government of Saskatchewan

207,000 CAD

Operations Analyst

Bank of America, Porter Airlines, DHL

139,000 CAD

Supply Chain Manager

Capgemini, KPMG

226,000 CAD

Business Operations Associate

EY, University of British Columbia, Burberry

147,000 CAD

Chief Operating Officer

Prairie Centre Credit Union, Vessi

209,000 CAD

 

MBA in International Business

There is a wide scope when it comes to jobs in Canada after MBA in international business. This specialization prepares you for high paying managerial jobs in top firms which is why it is a popular choice among international students.

Job Title

Top Employers

Average Salary/ year

Business Analyst

BFL Canada

154,000 CAD

Business Development Manager

Sales Force

191,000 CAD

Project Manager

City of Hamilton

148,000 CAD

General Manager

Canada Games Aquatic Center

180,000 CAD

Business Consultant

IBM Canada

141,000 CAD

Related Discussion: Which MBA Specialization is in demand in Canada?

 

Tips for Job Search After MBA in Canada

In order to land a desirable job after MBA in Canada, you must start preparing from the day your program begins. Here we have listed a few tips that will help widen your scope after MBA in Canada:

  • Personal Networking: Personal networking plays an important role in helping you find jobs. As an international student, you are bound to take some time to adjust with the curriculum and complexities of the program but that is the same time you will meet a lot of people.

  • Internship Opportunities: Keep your eyes open at all times and look for internship opportunities that will add value to your CV. Participate in job shadowing to see what exactly the job role will be.

  • Profile Building: Focus on building an impactful career profile which speaks for itself. Make sure you are diligent with your academics and achieve high scores so that employers themselves are willing to offer you the job.

  • Career Portals: You can use online job search portals, social media, recruitment agencies, university’s career center, career events, job fairs, etc. to check for any vacancies.
     
  • Up-to-date CV: The first thing that an employer notices is your resume. So make sure you tailor your resume and keep it updated with any academic or professional achievements, skills, work experiences, etc.

ROI After MBA in Canada

MBA in Canada is a big investment for the future. Therefore, it is prudent to look into the return on investment beforehand. Let us first understand what you are investing in? The biggest slice of your financial investment will be taken by tuition fees. Your secondary costs will be your cost of living in Canada that consists of direct and indirect expenses such as accommodation, food, transportation, books, laptop and personal expenditure on shopping, entertainment, etc. 

The average annual tuition fees for MBA in Canada is somewhere between 28,000 CAD and 117,500 CAD. Compared to this, the salary after MBA in Canada is around 97,000 CAD per year. This means you will be able to cover the primary cost of an MBA in Canada in the initial years of your career. So, it is surely a winning deal!

Few factors that you must consider before investing in an MBA are:

  • An MBA is a long term investment. No doubt it will reap benefits but you can’t expect the returns immediately after earning your MBA.
  • Over the years it is likely that you will rise to the top managerial positions of a company.
  • Some people hold back from doing an MBA because of the financial commitment that it demands. But you will be holding back a big pay cheque by not earning an MBA.
  • The ROI for an MBA in Canada also depends on how much importance your sector places on an MBA degree. Such as for finance and consulting firms, an MBA is quintessential for getting placed in a top firm.
  • Keeping in mind your starting salary of MBA in Canada for the first few years, it will take less than 4 years to recover the initial investment.

From the above discussion, it is safe to say that an MBA in Canada will lead your way to global opportunities. Given the scope after MBA in Canada, professionals from other fields also see this degree as a way to advance their careers. People in careers with no scope of advancement feel stuck at a point which is when an MBA enables a smooth transition into a management or executive level position. With ample jobs after MBA in Canada for international students, it is definitely a lucrative career option.

Frequently Asked Questions About Jobs After MBA in Canada

  1. What is the average salary of MBA in Canada per month?

Ans. The average salary of MBA in Canada per month is 9,160 CAD per month.

  1. What are the top MBA specializations in terms of average salary after MBA in Canada?

Ans. The top MBA specializations in terms of average salary of MBA in Canada are Finance, Marketing, Human Resources, International Business, Operations, Supply Chain Management, etc.

  1. What are the most popular jobs after MBA in Canada?

Ans. Some of the most popular jobs after MBA in Canada are Business Analyst, Financial Manager, Project Manager, Operations Manager, Marketing Manager, Business Development Manager, Investment Analyst, etc.

  1. How long can an international student work in Canada for jobs after MBA?

Ans. An international student can work for a maximum period of 3 years in Canada after completing a 2-year MBA program. For programs shorter than 2 years, the stay back period will depend on the course duration.

  1. Is it worth doing an Executive MBA in Canada?

Ans. An executive MBA in Canada is worth doing if you are looking for a salary increment. With an executive MBA, you will be one of the highest paid professionals in Canada with an average annual salary of 155,000 CAD.

Similar Blogs

See all
Complete Guide to BBA in UK: Top BBA Colleges in UK, Admission Requirements, Fees & More Image
Yocket Editorial Team
22 mins read
Colleges in Ottawa: 5 Best Colleges in Ottawa for International Students Image
Yocket Editorial Team
9 mins read
Study in US from Bangladesh! Image
Study Destination
eye_icon 1.6k
Yocket Editorial Team
5 mins read

Sign up and stay in the Yocket loop!

Get instant updates on latest articles handpicked for you and your preferences.